However --- Mt. Gox dumped 18000 coins on 2/4 as part of the further downside leading to 6k... so if we do end up breaking above 9.5 here in the next few hours (not impossible) i will re-evaluate.
Mt. Gox apparently is no longer allowed to dump coins until certain court dates in September.
We did just fall from 11.7 in a matter of days, sentiment is still low and an immediate break of 9.5 seems unlikely. On the Hourly charts we have now double topped on 9.5.
Short term - hold or down
Mid term - neutral
Long term - could see a retest of 6k
End of Year - bullish
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Mt. Gox apparently is no longer allowed to dump coins until certain court dates in September.
We did just fall from 11.7 in a matter of days, sentiment is still low and an immediate break of 9.5 seems unlikely. On the Hourly charts we have now double topped on 9.5.
Short term - hold or down
Mid term - neutral
Long term - could see a retest of 6k
End of Year - bullish